Nankai Tatsumura Construction (1850) Q1 2025 earnings summary

Executive summary

• Operating revenue rose 8.9% year-over-year to ¥59,722 million, with operating income up 44.7% to ¥9,876 million, driven by increased passenger numbers and fare revisions in transportation.

• Ordinary income increased 47.7% year-over-year to ¥9,754 million, and profit attributable to owners of parent grew 58.6% to ¥6,718 million.

• Extraordinary income and losses were significant due to contributions received and tax-related reductions for construction projects.

Financial highlights

• Operating revenue: ¥59,722 million (up 8.9% year-over-year).

• Operating income: ¥9,876 million (up 44.7% year-over-year).

• Ordinary income: ¥9,754 million (up 47.7% year-over-year).

• Profit attributable to owners of parent: ¥6,718 million (up 58.6% year-over-year).

• Basic earnings per share: ¥59.33, up from ¥37.40 a year earlier.

• Comprehensive income: ¥9,194 million, a 12.5% increase year-over-year.

• Total assets as of June 30, 2024: ¥931,787 million; net assets: ¥312,282 million; equity-to-asset ratio: 31.9%.

• Extraordinary income: ¥8,480 million; extraordinary losses: ¥8,414 million, mainly related to construction contributions.

Outlook and guidance

• Full-year operating revenue is forecast at ¥259,100 million, up 7.2% year-over-year.

• Full-year operating income is projected at ¥31,000 million, a 0.6% increase, with profit attributable to owners of parent expected to decline 25.2% to ¥17,900 million.

• Annual dividend forecast is ¥35.00 per share, unchanged from the previous year.